SCS/SB 741 - This act provides that for any acquisition of a small water utility by a large public water utility with an appraised value for $5,000,000 or less, the Public Service Commission shall issue a decision of such acquisition within six months from the submission of the application for such acquisition by the large public water utility. Prior to the expiration of the six-months period, the Commission staff or the office of the Public Counsel may request, upon a showing of good cause, from the Commission an extension for approval of the application for an additional 30 days. This act further modifies the definition of "large water public utility".
The act is identical to provisions in SB 896 (2024), similar to SCS/SB 567 (2023), and similar to provisions in HB 1152 (2023) and provisions in HCS/SB 275 (2023).
JULIA SHEVELEVA